Its ten o’clock at night. The kids are in bed and you’re ready to relax. Until The phone rings. You sigh. Its the creditors again, you’re just certain of it. So you allow the machine to answer for you. Mrs. Jones, we need to talk about the bills you owe Will it never end?
This type of scenario regularly occurs around the globe on a nightly basis. Even though our economy is generally bullish, personal debt is at an all-time high thanks to maxed out credit cards.
Thus, if you’re looking for a way to consolidate your many bills, why not consider remortgage as an option?
Remortgage is the process of switching your current mortgage to a new lender who can offer you a lower interest rate. Thats fine, you may say, But how does that help with my existing debts?
Basically, your new financial institution may also give you the opportunity to borrow enough money to pay off your creditors. Alternately, your lender may have a program to help you consolidate all your bills.
Will you still have to pay off all you owe? Absolutely. However, you wont have to pay out as much each month, and that means you’ll have more to save or to...
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